Transcription

2 Million Gallons Million Gallons 2015 U.S. ETHANOL EXPORTS U.S. Ethanol Exports, ,200 1, , In 2015, the U.S. exported 836 million gallons of ethanol identical to 2014 s volume and tied for the second-highest annual total on record. In 2015, American-made ethanol was exported to 76 countries on all six inhabited continents around the world. Denatured ethanol for fuel use accounted for 47% of total exports in the year 2015, while undenatured ethanol for fuel use made up 48.5%. Denatured and undenatured ethanol for other industrial uses totaled 4.5% Monthly Ethanol Exports, by Type Denatured Fuel Ethanol Undenatured Fuel Ethanol Undenatured Ethanol, Other Denatured Ethanol, Other Sources: U.S. Census Bureau, Department of Commerce, and Department of Agriculture 1

3 Million Dollars (U.S.) 2015 U.S. ETHANOL EXPORTS 10% Export Share of U.S. Ethanol Production An estimated 5.7% of total U.S. ethanol production was exported in 2015, the third-highest share in history. Exports accounted for almost 9% of total production in the record export year of % 8% 7% 6% 5% 4% 3% 2% 1% 0% 8.6% 5.5% 5.8% 5.7% 4.6% 3.0% 2.3% 1.6% 1.7% 0.8% 1.0% Value of U.S. Ethanol Exports $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 U.S. ethanol exports were valued at $1.78 billion in 2015, down 14% from 2014 but still the fourthhighest on record. $500 $0 2 Sources: U.S. Census Bureau, Department of Commerce, and Department of Agriculture

5 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Million Gallons Million Gallons U.S. ETHANOL EXPORTS: SHIFTING MARKETS 900 U.S. Ethanol Exports by Region Exports to the EU 28 have dropped substantially since 2012 due to the imposition of a punitive tariff against U.S. ethanol. Meanwhile, however, exports to Asia have surged 1,515% since 2012, and exports to the Middle East and North Africa have grown 63% East Asia South Asia Southeast Asia North Africa Middle East South America EU-28 North America All Others Monthly U.S. Ethanol Exports to China Large volumes of U.S. fuel ethanol were exported to China for the first time in After importing just 3.3 million gallons in 2014, China brought in 70.5 million gallons in This made China the fourth-largest market for U.S. ethanol in Sources: U.S. Census Bureau, Department of Commerce, and Department of Agriculture

6 Million Gallons Million Gallons 2015 U.S. ETHANOL IMPORTS 800 Annual U.S. Fuel Ethanol Imports, In 2015, the U.S. imported 93 million gallons of fuel ethanol up 10% from 2014 but the third-lowest annual total in the past decade. U.S. ethanol imports in 2015 were equivalent to just 11% of ethanol exports. Undenatured ethanol for fuel use accounted for 91% of total imports in 2015, while denatured ethanol for fuel use made up the remaining 9%. Most imports (82%) in 2015 occurred in the last five months of the year Monthly Ethanol Imports, by Type Undenatured Fuel Ethanol Denatured Fuel Ethanol Sources: U.S. Census Bureau, Department of Commerce, and Department of Agriculture 5

7 2015 U.S. ETHANOL IMPORTS Top Suppliers of U.S. Ethanol Imports Country 2015 Total 2014 Total Brazil Netherlands Spain Guatemala All Others TOTAL Brazil was the leading source of U.S. ethanol imports in Top suppliers of U.S. fuel ethanol imports are shown in the table at left, along with a comparison to 2014 volumes. All figures shown in millions of gallons. Top Ports of Entry for 2015 U.S. Ethanol Imports New York City, 13% San Francisco, 12% Los Angeles, 26% Houston, 4% Tampa, 16% Miami, 16% Honolulu, 6% San Juan (PR), 7% Note: January-November Sources: U.S. Census Bureau, Department of Commerce, Department of Agriculture, and U.S. International Trade Commission

8 Million Gallons IMPORTS RELATIVE TO USE & NET EXPORTS 16% U.S. Ethanol Imports: Share of Total U.S. Ethanol Consumption 14% 12% 10% 8% 6% 4% 2% 0% 14.7% 8.9% 6.8% 6.0% 4.3% 3.1% 0.7% 1.9% 0.1% 1.6% 0.6% Imports accounted for less than 1% of U.S. ethanol consumption in for the second year in a row. Ethanol import reliance is down dramatically from the timeframe. U.S. Net Ethanol Imports/Exports, The U.S. extended its streak as a net exporter of ethanol to six years in 2015, with net exports reaching the third-highest level on record. 1, NET EXPORTS NET IMPORTS Sources: U.S. Census Bureau, Department of Commerce, Department of Agriculture, and U.S. Energy Information Administration 7

9 ABOUT THE DATA IN THIS REPORT U.S. Ethanol Export Data The export data in this report includes exports classified under the following Harmonized Tariff Schedule (HTS) codes: : Ethyl alcohol and other spirits, denatured, of any strength: For fuel use : Undenatured ethyl alcohol of an alcoholic strength by volume of 80 percent vol. or higher: For non-beverage purposes: For fuel use : Ethyl alcohol and other spirits, denatured, of any strength: Other : Undenatured ethyl alcohol of an alcoholic strength by volume of 80 percent vol. or higher: For non-beverage purposes: Other and are included in this report because there is some anecdotal evidence that exports of ethanol intended for fuel use are sometimes mistakenly classified under these codes. In any case, ethanol classified under these codes represented less than 5% of the 2015 U.S. exports discussed in this report. U.S. Ethanol Import Data The import data in this report includes imports classified under the following Harmonized Tariff Schedule (HTS) codes: Sources : Ethyl alcohol and other spirits, denatured, of any strength: For fuel use : Undenatured ethyl alcohol of an alcoholic strength by volume of 80 percent vol. or higher: For non-beverage purposes: For fuel use All data in this report comes from the U.S. Census Bureau, U.S. Department of Commerce, U.S. Department of Agriculture, U.S. International Trade Commission, and U.S. Energy Information Administration The Renewable Fuels Association publishes monthly summaries of export and import data for ethanol and distillers dried grains on its award-winning E-Blog. This report was prepared by Geoff Cooper, who may be contacted at or Copyright 2016 Renewable Fuels Association. All Rights Reserved

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

Global @dvisor The Economic Pulse of the World Citizens in 24 Countries Assess the Current State of their Country s Economy for a Total Global Perspective The Economic Pulse These are the findings of the

The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program For MIT Energy Initiative Symposium May 12, 2014 Cambridge, MA By Howard Gruenspecht, Deputy Administrator U.S.

Global @dvisor The Economic Pulse of the World Citizens in 25 Countries Assess the Current State of their Country s Economy for a Total Global Perspective The Economic Pulse These are the findings of the

Global @dvisor The Economic Pulse of the World Citizens in 25 Countries Assess the Current State of their Country s Economy for a Total Global Perspective The Economic Pulse These are the findings of the

Global @dvisor The Economic Pulse of the World Citizens in 25 Countries Assess the Current State of their Country s Economy for a Total Global Perspective 1 A Global @dvisory December 2016 G@89 The Economic

Lower coffee exports lend support to Robusta prices The coffee market rallied slightly in June, led in most part by a recovery in Robusta prices. For the sixth month in a row exports were lower than last

E MONTHLY COFFEE MARKET REPORT January 2014 Coffee prices surged higher in January, with the monthly average of the ICO composite indicator price at its highest level in four months. The recent publication

UNCTAD Multi-Year Expert Meeting on Commodities and Development 2013 Recent developments and new challenges in commodity markets, and policy options for commodity-based inclusive growth and sustainable

Example of a diesel fuel hedge using recent historical prices Firm A expects to consume 5,, litres of diesel fuel over the next 12 months. Fuel represents a large expense for the firm, and volatile prices

Coffee year 2014/15 ends with prices at 20-month low The coffee market slumped further in September, following a slight rally in August, with the weakness of the real and peso again proving the most influential

The of the World Citizens in 24 Countries Assess the Current State of their Country s Economy for a Total Global Perspective Methodology These are the findings of the Wave 16 (G@16), an Ipsos survey conducted

Dividends Tax: Summary of withholding tax rates per South African Double Taxation Agreements currently in force Version: 2 Updated: 2012-05-22 Note: A summary of the rates and the relevant provisions relating

Chicago s Business Climate Home to an unrivaled economy, workforce, and quality of life, Chicago is a thriving metropolis, yet a tight-knit community for business and residents. The city s dynamic character

2014 BEGIN A NEW STORY tm The World s Best is all inclusive. Wiltrans International welcomes you to the World s Best and a chance to save up to US$1,000* off your 2014 Crystal Cruise holiday! Cruise Week

Agricultural Machinery Innovation driver for the global agribusiness Get-together with the International Federation of Agricultural Journalists Berlin, January 17th, 2015 VDMA the largest engineering industry

Working Holiday Maker visa programme report 30 June 2015 This page is left blank intentionally. Table of Contents About this report 1 Enquiries 1 Definition of terms 2 Background to the Working Holiday

International Visitor Arrivals to New Zealand: January 215 Overseas visitor arrivals to New Zealand by country of residence and selected characteristics Crown copyright This work is licensed by Statistics

Independent Accountants Report on Applying Agreed-Upon Procedures Board of Trustees We have performed the procedures, as discussed below, with respect to the employer contributions remitted by to the in

MARKET BRIEF: GRAPES This publication was prepared by the USAID s Agricultural Credit Enhancement Program in collaboration with the Statistics & Marketing Information Department of the General Directorate

Billions Consumer and Business Identity Theft Statistics Business identity (ID) theft is a growing crime and is a growing concern for state filing offices. Similar to consumer ID theft, after initially

Coffee prices fall but production estimated lower Coffee prices continued their decline as speculation over the current 2015/16 crop suggests that the market has no immediate supply concerns. Indeed, one

Nebraska Monthly Economic Indicators: September 16, 2016 Prepared by the UNL College of Business Administration, Department of Economics Authors: Dr. Eric Thompson, Dr. William Walstad Leading Economic

Employment and Vacancies Survey: November 2005 Economy wide Vacancies Increased Significantly in November 2005 Economy wide vacancies increased by a significant 7 percentage points in the month of November

Page 1 12/22/2014 An Analysis of Global Trade in Terephthalic Acid and its Salts The paper summarises the results of an analysis of global trade in Terephthalic Acid. Global trade is obtained by collating

LEGAL MARKET REVIEWS MARCH The markets for law firms in the following areas are important to our clients, so they are important to us. Lawyer headcount is one measure of the health of a market. PerformLaw

Perspectives on Global Competitiveness in Solar Energy at the U.S Department of Energy 1 Minimum Take-Aways from This Talk Q: How do you pronounce photovoltaic? A: fō-tō-vōlt-a-ic Q: Why is Germany leading

Overview of U.S. Dairy Product Trade Kenneth W. Bailey Penn State University Impact of Trade on the U.S. Global demand for protein is very strong EU and Australian output curtailed U.S. is residual supplier

Global Infrastructure Fund (TOLLX) A step beyond MLPs Important risk information Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests

Long series on consumer prices data documentation The BIS s data set for consumer prices contains long monthly and annual time series for 60 countries. The average length of the monthly series is close

Monetary Policy and Mortgage Interest rates July 2014 Key Points: Monetary policy, which operates through changes in the official cash rate (OCR), is the main lever of macroeconomic management in Australia